Purdue Pharma L.P. Reorganizes And Cuts One-Third Of R&D
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Taking a page from the big pharma playbook, Purdue Pharma is eliminating one-third of its research and development apparatus as part of a reorganization that will now emphasize acquiring or licensing medicines that are developed elsewhere.
As a result of the move, approximately 100 employees will be let go, according to a Purdue spokesman, although he says that the company’s one R&D facility, which is located in Cranbury, N.J., will remain open. The drug maker, which is based in Stamford, Ct., currently employs about 1,700 people, including sales reps scattered around the country.
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Taking a page from the big pharma playbook, Purdue Pharma is eliminating one-third of its research and development apparatus as part of a reorganization that will now emphasize acquiring or licensing medicines that are developed elsewhere.
As a result of the move, approximately 100 employees will be let go, according to a Purdue spokesman, although he says that the company’s one R&D facility, which is located in Cranbury, N.J., will remain open. The drug maker, which is based in Stamford, Ct., currently employs about 1,700 people, including sales reps scattered around the country.
Help employers find you! Check out all the jobs and post your resume.